Note: Beneficiaries may only have one active project under this Scheme. BIM will not accept a new project application from a beneficiary under the Seafood Capital Investment Scheme while previously approved projects are outstanding.

Who’s eligible?

Individual Seafood Processing SMEs

SME enterprises planning to enter the seafood processing industry

What’s funded?

Eligible costs will include capital investments:

contributing to energy saving or reducing the impact on the environment, including waste treatment

Improving safety, hygiene, health and working conditions

supporting the processing of catches of commercial fish that cannot be destined for human consumption

relating to the processing of by-products resulting from main processing activities

relating to the processing of organic aquaculture products

that lead to new or improved products or new or improved processes, or new or improved management and organisation systems.

Please see your brochure for full information on eligible and ineligible expenditure.

Amounts granted:

A maximum eligible cost of €3 million applies with grant rates of:

Up to 15% for primary processing and ancillary items

Up to 30% for secondary processing

Applicants may include a mix of both primary and secondary grant types.

Note: The actual amount of grant awarded will be at the discretion of the Board.